This piece argues the US should not export crude oil and instead moderate production volumes in an effort to preserve the country’s natural resource endowment over the longer term. It also contends exports would increase domestic crude and product prices. “The real question for the United States is not about optimal trade policy or economic… Keep reading →
Amid all the uproar over the US’s surprising oil production growth of the last few years, some oil market watchers may have inflated expectations of just how well-supplied the market is. US onshore oil supply growth has helped to boost global oil market supply, helping to insulate prices from the impact of disruptions, such as… Keep reading →
The equivalent of a Category 5 hurricane, typhoon Haiyan, aka Yolanda, barreled through the Philippines and is expected to make landfall in Vietnam Sunday. “The Global Disaster Alert and Coordination System, jointly run by the United Nations and the European Commission, said nearly 16 million people, including more than 12 million from the Philippines, were… Keep reading →
Of all the coverage linking Syria to oil prices, BBC seems to have used to most appropriate word for how the conflict is affecting markets: they’re “jittery”. It conveys that price movements will be both reactive and unpredictable as events unfold. The possibility of conflict has almost certainly pushed oil prices higher, but uncertainty over the… Keep reading →
By: Katy Barnato Oil prices have rebounded since the overthrow of Egypt’s President Morsi last month, but analysts dispute whether Middle Eastern turmoil is the real factor behind the rally, and how much further the commodity will rise — if at all. (Read more: Scenes from the turmoil in Egypt) Unrest in the country has rattled investors’ nerves and raised… Keep reading →
Investment bank Simmons & Co’s commentary on the International Energy Agency’s August Oil Market Report highlights geopolitical risk facing global oil supply. The report shows that Opec supply fell by 165,000 barrels per day from the previous month, even as Saudi Arabia lifted output to a 12-month high. “Domestic developments in member countries has taken… Keep reading →
Hope everyone had a nice 4th of July! Here’s what’s happening in energy news. West Texas Intermediate crude is trading near a 14-month high, spurred by unrest in Egypt and a sunny outlook for US economic growth. [Bloomberg] And Brent hit a three-month high today after Egypt’s army declared a state of emergency in areas… Keep reading →
A couple of firsts, and one sloppy second… Some citizens of Sub-Saharan African countries may get access to reliable electricity for the first time. President Obama has announced plans to invest $7 bln over five years to expand access to electricity in Ethiopia, Ghana, Kenya, Liberia, Nigeria and Tanzania, mostly as loans to buy US… Keep reading →
‘Delta Boys’: An Energy Documentary Review
By Jared AndersonMany oil and gas analysts know Nigerian energy fundamentals like backs of their hands, effortlessly rattling off statistics like the country’s 2.4 million barrels per day of 2011 oil production accounted for about 3% of the world’s total or the fact that Nigeria was tied with Australia as the world’s fourth largest LNG exporter that same year. And the soon-to-be released documentary “Delta Boys” begins much the same way, identifying Nigeria’s place in the global oil and gas producer hierarchy.
However, few analysts truly comprehend the situation as it exists on the ground. The same goes for the millions of news consumers worldwide that follow the complex web of human rights, environmental, political, economic and energy supply issues that pulse throughout the resource-rich region. Keep reading →